DAX Declines on the Backdrop of Political Uncertainty in Spain

Forex News

The German DAX stock index fell by 0.01% today and is trading at the level of 13.067.50. European stock markets were under pressure all week, and the DAX decreased by 1%. The decline in the European stock indexes may continue, as investors expect the results of the Catalan elections. In the US, today's key event is the data on the final GDP.

The US House of Representatives supported Donald Trump's tax reform. It is expected, that Trump will sign the bill next week. The tax legislation marks the first revision of the US Tax Code for 30 years and reduces corporate taxes from 35% to 21%.